The Greater Gorgon development is being pursued by an unincorporated joint venture consisting of the Australian subsidiaries of Chevron (50 percent) and ExxonMobil and Shell (each holding a 25 percent interest). The partners recently signed a Framework Agreement to align their equity interests and to pave the way for the combined development of Gorgon and nearby gas fields as one world-scale project.
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Chevron To Develop Australian Biggest Undeveloped Gas Field
The Greater Gorgon development is being pursued by joint venture consisting of the Australian subsidiaries of Chevron, ExxonMobil and Shell
US oil giant ChevronTexaco is likely to move the Australian Greater Gorgon gas development into the Front End Engineering and Design (FEED) phase.
The FEED scope for the Greater Gorgon development includes the establishment of 10 million tons per year liquefied natural gas facility and domestic gas plant on Barrow Island, supplied by gas fields in the Greater Gorgon area. The Greater Gorgon area is one of the largest undeveloped natural gas accumulations in the region.
The Greater Gorgon development is being pursued by an unincorporated joint venture consisting of the Australian subsidiaries of Chevron (50 percent) and ExxonMobil and Shell (each holding a 25 percent interest). The partners recently signed a Framework Agreement to align their equity interests and to pave the way for the combined development of Gorgon and nearby gas fields as one world-scale project.
The Greater Gorgon development is being pursued by an unincorporated joint venture consisting of the Australian subsidiaries of Chevron (50 percent) and ExxonMobil and Shell (each holding a 25 percent interest). The partners recently signed a Framework Agreement to align their equity interests and to pave the way for the combined development of Gorgon and nearby gas fields as one world-scale project.
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